Multibagger stock: Investors looking to choose multibagger stocks for 2022 are looking for quality stocks that are cheap after the recent fall in the market. Experts say that Deepak Nitrite can be a better bet for such investors from a long-term perspective. Market experts say that this stock has broken down a lot and once the trend changes in the market, it can see a strong rally. This chemical stock has also proved to be a multibagger stock of 2021. It has made its shareholders rich in the long term.
This multibagger stock has been under selling pressure since last 6 months. In the last one month, this stock has fallen from Rs 2660 to Rs 2058 level and has fallen by about 22 per cent in this period. In the last 6 months, it has broken about 4 percent, while in 2022 so far this stock has come down from Rs 2530 to Rs 2058. That is, it has seen a decline of 19 percent in this period.
Despite this huge fall, this stock has given 75 percent return in 1 year whereas in last 5 years this multibagger stock has increased from Rs 103.65 to Rs 2058. It has given returns of around 1900 per cent during this period.
In the last 10 years, this multibagger chemical stock has increased from Rs 15.21 to Rs 2058, i.e. in 10 years this stock has run 135 times.
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Looking at the 10-year journey of this stock, if someone had invested Rs 1 lakh in it 1 month ago, then today his Rs 1 lakh would have come down to Rs 78000. On the other hand, if someone had invested Rs 1 lakh in this stock 6 months ago, then today his Rs 1 lakh would have come down to Rs 96000. On the other hand, if someone had invested Rs 1 lakh in this stock 1 year ago, today he would have been getting Rs 1.75 lakh, whereas if someone had invested Rs 1 lakh in this stock 5 years ago and he had remained till now, then today he would have got Rs 20 lakh. Would have been
Similarly, if someone had invested Rs 1 lakh 10 years ago at Rs 15.21 and he had remained in this stock till now, he would have been getting Rs 1.35 crore today.
Let us tell you that stock market experts are still bullish on this stock. They believe that these stocks will see a strong rally in the lower levels. Sumeet Bagadiya of Choice Broking says that at current level one should invest in this stock for a near term target of Rs 2100-2200. For this, put a stop loss at Rs 2000.
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